New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-26

THURsDA Aug. 25-P. NJ
To-day thirteen railroads reported their gross
earnings for the third week August They printed
below OF the thirteen reports, twelve show gains
SSSl3s7, against S776336 In the week OF lss6of
$ll5.o51. Is per cent and company shows
loss or SIG or 80 cent These gains following the
large gains OF the week of 1886 the week Of 1885 are
simply phenomenal and beyond the expectations OF
every The reports for the third week yet received
include nineteen roads, of which seventeen show gains
OF Sl4967l. 1495 per cent and two show losses OF
S19S04, L. Is per cent. And yet the Independent
Wall Street publications labor articles without fig
ures about the decline in railway earnings.
Remembering that or between Saturday. July 30,
and August Canada Southern sold at 40. Central OF
New,Iersey at II - St Paul at 70 a. Northwestern
at 100. Omaha at II IL. Delaware, Lackawsnna and
at I26 Lake Shore at 50 7-S, Louisville and
Nashville at SO 1-s Manhattan Elevated at ITO, New
York Central at los "a, Erie at 81 rs, NewYork and
NewEnglanl at 40. Norfolk and Western preferred at
40. Philadelphia and Reading 81 7s, Richmond and
West Point at 25 Ia, Union Pacific at 81 10, and West
ern Union at 20 Is and remembering that since those
dates the whole weight OF local speculative influences
have been cast in favor of decline remembering that
yesterday the announcement that Grovesteen Pel
had responded the call for the Of call loan
East and West Alabama bonds. the " bears Jumped
the market with their whole weight and sold stock
low "a they could and made nearly all of the last
sales. ard that, therefore, they had opportunity 10
recoup 100 shares before the closing, and that to-
in the most damaging possible manner; and remember
ing that following their late operations of yesterday
there alternative for them except to follow up
the attack today with all the vigor that they possessed
and that they have done it-todays stock market eXhh
tied strength and power of resistance which In the
absence of bull organization few persons have ever
stand against regular organized and disciplined
bear" combination. Prices were lower all around
they opened lower rallied and of again under sgch
application OF force that the personal presence OF the
Commodore OF the bear fleet necessary 10 give 1t
full effect. and yet Reading only sold Is TO IA below the
price at which he sold 10000 shares before ii o'clock
The Hon. 5 V. White. who for months has been
passive II not active bear, authorizes the pu1ca
ton the following his ideas OF the speculative stu
atom The OF lying is upon u.s. Just now the Stock
Exchange ready TO rise 10 lie that may he
cast It, With all the alcrness OF trout to fly few
since thought good reasons for not buying
stocks and said Now the money situation under the
disbursements OF the Treasury 10 me 10 be rad
oay changing, and aside from the market declining on
lies do not any good reason FOR much lower prices
The loss OF Mr.. Whites passive accord TO the
party Is serious matter because he carries All
important following As all the recent depression has
been the result OF sentiment which has been negative
rather than affirmative In its effects that il. had
vented general buying rather than inducing general
nquidatiOn the conversion to the bull side OF even
partly passive bear when that person sways large
influence important matter TO the associates left
short stocks. No wonder they fought hard today
for lower prices. and II IL little OF victory that with
such tremendous efforts and without organized opp1
sition they succeeded In making the closing prices about
as they ercat IL o'clock Concerning Groyestcen
& Pe affairs are Inform Ell that assistance has been
offered to them which woud reestabsh their rusincssn
eight hours but the firm that their assets
are in excess liabilities. and that under the
agenleut OF the assignee their affairs will quickly be re-
stored satisfactory condition. have declined all offers
with thanks The closet the low
prices Of tie day.
Government bonds dull and easy. Bid. were
per lower for the As and 3 lower for the 1 LIS
Annexed are the closing quotations: